{"id":31922,"date":"2013-12-16T08:45:20","date_gmt":"2013-12-16T07:45:20","guid":{"rendered":"http:\/\/beta.next-finance.net\/reglementation\/amundi-alternative-investments-obtains-aifm-authorisation\/"},"modified":"2013-12-16T08:45:20","modified_gmt":"2013-12-16T07:45:20","slug":"amundi-alternative-investments-obtains-aifm-authorisation","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/reglementation\/amundi-alternative-investments-obtains-aifm-authorisation\/","title":{"rendered":"Amundi Alternative Investments obtains AIFM authorisation"},"content":{"rendered":"<p><strong> <em>For Amundi AI, this is a significant development that will enable it to<br \/>\noffer institutional and private wealth clients access to alternative funds within a harmonised<br \/>\nEuropean regulatory framework. <\/em>  <\/strong><\/p>\n<p>In addition to the UCITS format, the AIFM directive has created a new label with an international scope that successfully combines:<br \/>\n&#8211; Performance driver: with investment limits that are less restrictive than for UCITS, notably in<br \/>\nterms of asset eligibility, liquidity, and portfolio concentration.<br \/>\n&#8211; Regulatory framework: secure with mandatory use of an independent custodian and valuation<br \/>\nagent, separating the risk and investment functions, quarterly reporting to the regulator, and<br \/>\nenhanced investor information. <\/p>\n<p>Concretely, funds managed within the scope of the AIFM directive will enable managers to fully<br \/>\nexpress their convictions and implement investment strategies that are difficult or even impossible to<br \/>\nreproduce under a UCITS format. <\/p>\n<p>In an environment of rising interest rates and jittery markets, institutional investors, notably in Europe<br \/>\nand Asia, are on the lookout for alternative funds. However, they demand a well-controlled<br \/>\nenvironment that protects their interests and guarantees fair treatment of shareholders. As was the<br \/>\ncase with other industry players, Amundi AI funds were domiciled offshore until 2009. Since then, all<br \/>\nbusiness activities have been transferred to Europe: the managed accounts platform is Irish, all the<br \/>\nunderlying funds in which the funds of funds invest, all the funds of funds and the management<br \/>\ncompany are domiciled and regulated in Europe. International investors will from now on be able to<br \/>\nchoose new investment solutions based on the successful UCITS format, while being better suited to<br \/>\ntheir requirements and to building long-term savings.<\/p>\n<p>For Amundi AI, obtaining the AIFM licence is the culmination of a pioneering strategy adopted by<br \/>\nAmundi in 2010 with the aim of redomiciling in Europe (France, Ireland and Luxembourg) its<br \/>\nalternative offering at all levels:<br \/>\n&#8211; 10 funds of funds<br \/>\n&#8211; 21 managed accounts, including the biggest international names in the alternative industry. <\/p>\n<p>The AIFM licence is the first step on the way to obtaining the passports for the entire range by the end<br \/>\nof the first quarter of 2014. Laurent Guillet, Chief Executive Officer at Amundi AI, comments: <em>\u201cThese<br \/>\npassports will enable us to market our alternative funds in other EU member states without having to<br \/>\nnavigate through the constraints of the private placement regime. With the AIFM, Amundi can offer<br \/>\ninstitutional investors secure alternative solutions in addition to benchmarked management while<br \/>\ngiving European investors access to new absolute return strategies which are essential to build long term savings in a regulated environment.\u201d <\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amundi Alternative Investments SAS (Amundi AI), a wholly-owned subsidiary of Amundi, has<br \/>\nobtained AIFM authorisation from the French securities regulator (Autorit\u00e9 des March\u00e9s<br \/>\nFinanciers) for all of its investment solutions. The AIFM directive, transposed by the EU<br \/>\nmember states on 22 July, regulates alternative fund managers for the first time as part of a<br \/>\ndedicated framework. <\/p>\n","protected":false},"author":20,"featured_media":31920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1508],"tags":[1687,1655,1690,1841,1651,1437,1837,1686],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/31922"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=31922"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/31922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/31920"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=31922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=31922"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=31922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}